Vedanta Buying Asarco For Us$1.7B
VANCOUVER — Beleaguered U. S. copper giant Asarco has agreed to Vedanta Resources’ (VDNRF-O, VED-L) revised US$1.7-billion offer for its assets following the breakdown of a previously announced US$2….
Articles by Northern Miner Staff
Mag Silver Still Battling Fresnillo
VANCOUVER — Mag Silver (MAG-T, MVG-X) CEO Dan MacInnis still contends that a significantly slimmed- down resource estimate for the Valdecanas silver vein system on the company’s 44%-owned Juanicipio …
Redcorp Files For Creditor Protection
VANCOUVER — Redcorp Ventures( RDV-T, RDFVF-O) has filed for creditor protection, a few weeks after suspending development work at its Tulsequah Chief polymetallic mine in northern British Columbia in…
Hawk Quits Noront JV On Disappointing Results
Ho-hum exploration results in the “Ring of Fire” in the McFaulds Lake area of northern Ontario have forced Hawk Uranium (HUI-V, HWKPF-O) to bow out of its joint-venture option agreement with Noront Re…
Nagging Court Case Over For Farallon
Farallon Resources (FAN-T, FRLLF-O) is generating positive news despite being a base metal producer in a slumping metals market.
TSX Venture Exchange Rights & Warrants (March 16, 2009)
Atlas Minerals (AMR. WT. A)– Wt buys sh @ $0.60 to Dec 31/09.
U. S. Markets – March 3-9
In a CNBC television interview on March 9, Warren Buffet said the U. S. economy had “fallen off a cliff” and argued Washington needed to wage an “economic war” to fix it and restore confidence in the …
Oyu Tolgoi Agreement Makes Headway In Mongolia
Ivanhoe Mines (IVN-T, IVN-Q) says that Mongolia’s cabinet has completed its second review of the draft investment agreement for the massive Oyu Tolgoi project and has said it will present the draft to…
Toronto Stock Exchange – March 3-9
The TSX was down during the March 3-9 reporting period, with the S&P/TSX composite index losing 121 points, or 1.6%, to 7,567. Last May, the index hit 15,000.
Impact Cuts High-Grade Mexican Silver
VANCOUVER — As Impact Silver (IPT-V, ISVLF-O) announces results of a 54-hole drill campaign at the Capire target on its Mamatla property in Mexico, it says there may be potential for an open-pit mine…
Lending Rates (March 16, 2009)
as of 9 a. m. ET. March 10, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime 3…
International Quotes (March 16, 2009)
Australia (A$) March 10 March 3 Change Bendigo Mining 0.21 0.21 0.00 Kingsgate Cons. 4.65 4.93 -0.28 Lion Selection Ltd 0.90 0.80 0.10 Newcrest Mining 30.75 31.53 -0.78…